Variation or discharge of order
4 (1) A freezing order may be varied or discharged in relation to any property on the application of any person affected by the order.
(2) A freezing order shall be discharged on the conclusion of the ICC proceedings in relation to which the order was made.
Power to appoint receiver
5 (1) The powers conferred by this paragraph may be exercised if a freezing order is in force.
(2) The High Court may at any time appoint a receiver—
- (a) to take possession of any property specified in the order, and
- (b) in accordance with the court’s directions, to manage or otherwise deal with the property in respect of which he is appointed,subject to such exceptions and conditions as may be specified by the court.
(3) The High Court may require any person having possession of property in respect of which a receiver is appointed under this paragraph to give possession of it to the receiver.
(4) The powers conferred on a receiver by this paragraph shall be exercised with a view to securing that the property specified in the order is available for satisfying the forfeiture order or, as the case may be, any forfeiture order that may be made in the ICC proceedings in relation to which the order was made.
(5) A receiver appointed under this paragraph shall not be liable to any person in respect of any loss or damage resulting from any action taken by him which he believed on reasonable grounds that he was entitled to take, except in so far as the loss or damage is caused by his negligence.
Seizure to prevent removal from jurisdiction
6 (1) Where a freezing order has been made, a constable may, for the purpose of preventing any property specified in the order from being removed from the jurisdiction, seize the property.
(2) The reference in sub-paragraph (1) to property being removed from the jurisdiction is to its being removed from England and Wales or Northern Ireland, as the case may be.
(3) Property seized under this paragraph shall be dealt with in accordance with the directions of the High Court.
Registered land: England and Wales
7 (1) The Land Charges Act 1972 (c. 61) and the Land Registration Act 1925 (c. 21) apply—
- (a) in relation to freezing orders, as they apply in relation to orders affecting land made by the court for the purpose of enforcing judgments or recognisances; and
- (b) in relation to applications for freezing orders, as they apply in relation to other pending land actions.
(2) The ICC shall be treated for the purposes of section 57 of the Land Registration Act 1925 (inhibitions) as a person interested in relation to any
